- ISIN
- US4642877397
- CUSIP
- 464287739
- Issuer
- iShares
- Inception Date
- Jun 12, 2000
- Region
- North America (U.S.)
- Category
- REIT
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dow Jones U.S. Real Estate Capped Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $5B
Share Price Chart
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Performance
IYR Performance Chart
iShares U.S. Real Estate ETF (IYR) is up 9.1% since the beginning of the year. IYR is currently trading at $102 per share. Investors who bought $1,000 worth of IYR shares 5 years ago would now be looking at an investment worth $1,124.
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Returns By Period
iShares U.S. Real Estate ETF (IYR) has returned 9.06% so far this year and 9.98% over the past 12 months. Over the last ten years, IYR has returned 5.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares U.S. Real Estate ETF
- 1D
- 1.15%
- 1M
- -0.59%
- YTD
- 9.06%
- 6M
- 9.39%
- 1Y
- 9.98%
- 3Y*
- 10.10%
- 5Y*
- 2.37%
- 10Y*
- 5.61%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IYR Monthly Returns History
Based on dividend-adjusted daily data since Jun 19, 2000, IYR's average daily return is +0.05%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +29.6%, while the worst month was Oct 2008 at -31.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IYR closed higher 54% of trading days. The best single day was Oct 28, 2008 with a return of +16.3%, while the worst single day was Dec 1, 2008 at -20.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.47% | 5.27% | -6.37% | 8.53% | -1.17% | 0.67% | 9.06% | ||||||
| 2025 | 1.89% | 3.79% | -2.34% | -2.15% | 0.91% | 0.77% | 0.12% | 2.91% | 0.06% | -2.49% | 2.37% | -2.22% | 3.38% |
| 2024 | -5.10% | 2.13% | 1.85% | -8.12% | 4.93% | 1.88% | 7.62% | 5.40% | 3.06% | -3.49% | 4.07% | -8.29% | 4.41% |
| 2023 | 9.98% | -5.96% | -1.94% | 0.92% | -4.03% | 5.74% | 1.74% | -3.08% | -7.40% | -3.60% | 12.29% | 8.97% | 11.89% |
| 2022 | -8.23% | -4.59% | 6.86% | -4.13% | -4.44% | -6.89% | 8.86% | -5.86% | -12.71% | 3.16% | 6.17% | -4.73% | -25.51% |
| 2021 | -0.43% | 2.43% | 5.77% | 7.89% | 1.01% | 2.26% | 4.69% | 1.94% | -5.63% | 7.28% | -2.41% | 9.47% | 38.74% |
Benchmark Metrics
iShares U.S. Real Estate ETF has an annualized alpha of 3.65%, beta of 0.97, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since June 19, 2000.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (97.85%) than losses (89.68%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.65% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.97 and R2 of 0.51, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.65%
- Beta
- 0.97
- R²
- 0.51
- Upside Capture
- 97.85%
- Downside Capture
- 89.68%
Expense Ratio
IYR has an expense ratio of 0.38%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IYR ranks 23 for risk / return — below 23% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IYR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.78 | -1.61 |
| Martin ratioReturn relative to average drawdown | 3.64 | 12.44 | -8.80 |
Dividends
Dividend History
iShares U.S. Real Estate ETF provided a 2.23% dividend yield over the last twelve months, with an annual payout of $2.26 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.26 | $2.33 | $2.39 | $2.51 | $2.45 | $2.40 | $2.21 | $2.84 | $2.65 | $3.02 | $3.39 | $2.94 |
Dividend yield | 2.23% | 2.48% | 2.57% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares U.S. Real Estate ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.51 | $0.79 | ||||||
| 2025 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.86 | $2.33 |
| 2024 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.80 | $2.39 |
| 2023 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.90 | $0.00 | $0.00 | $0.77 | $2.51 |
| 2022 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.89 | $0.00 | $0.00 | $0.78 | $2.45 |
| 2021 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $1.14 | $2.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares U.S. Real Estate ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares U.S. Real Estate ETF was 74.13%, occurring on Mar 6, 2009. Recovery took 1030 trading sessions.
The current iShares U.S. Real Estate ETF drawdown is 2.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -74.13%Mar 2009 | 2y 27d | 4y 1mo | 6y 2moFeb 2007 - Apr 2013 |
COVID crash2020 | -42.32%Mar 2020 | 1mo 4d | 1y 28d | 1y 2moFeb 2020 - Apr 2021 |
2023 bear market2023 | -33.75%Oct 2023 | 1y 9mo | 2y 7mo | 4y 5moJan 2022 - Jun 2026 |
2004 correction2004 | -18.84%May 2004 | 1mo 8d | 3mo 23d | 5mo 1dApr 2004 - Aug 2004 |
2013 correction2013 | -18.53%Aug 2013 | 2mo 29d | 9mo 20d | 1y 14dMay 2013 - Jun 2014 |
Drawdown Indicators
| IYR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.13% | -56.78% | -17.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -9.10% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -17.52% | -18.90% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -33.75% | -25.43% | -8.32% |
Max Drawdown (10Y)Largest decline over 10 years | -42.32% | -33.92% | -8.40% |
Current DrawdownCurrent decline from peak | -2.17% | -1.80% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -10.71% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.03% | +0.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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